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Nirmala Sitharaman Proposes Measures to Enhance Fund Flows for Infrastructure, Housing Projects

The finance minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments.

PTI

Updated:August 23, 2019, 7:46 PM IST
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Nirmala Sitharaman Proposes Measures to Enhance Fund Flows for Infrastructure, Housing Projects
New Delhi: Finance Minister Nirmala Sitharaman and and MoS for Finance Anurag Thakur during a press conference in New Delhi, Friday, Aug 23, 2019. (PTI Photo)
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New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed to establish an organisation to provide credit enhancement for infrastructure and housing projects with an aim to enhance fund flows towards such projects.

Announcing steps to prop up the slowing economy, the minister said that in order to improve domestic bond market, the finance ministry will work with the RBI to make it more conducive for investors and bond issuers, as well as facilitate increased trading for price discovery.

The government will also take further action on development of credit default swap markets in consultation with the Reserve Bank and market regulator Sebi. The minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments.

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